Thales Stock Plummets Nearly 2% and Breaks Through Support at €219.40

The Stock Breaks the €219.40 Support and Dips Below Its Moving Averages

Thales stock drops 1.88% to €214.30, among the steepest declines in the CAC 40 as the Paris index falls by 0.80%. The stock has broken through the support at €219.40, which had been unsuccessfully tested in previous sessions, as previously approached at the start of the week. The technical setup has significantly worsened: the price is now 8.13% below its 20-day moving average (€231.73) and 12.51% below its 200-day average (€244.94), confirming a medium-term downturn.

The RSI at 43 does not yet signal overselling, theoretically leaving room for further decline. Over one week, the stock has lost nearly 8%, and almost 13% over three months.

Middle East Calm Erodes Risk Premium on Defense Stocks

The session occurs in a context of geopolitical relaxation: Brent crude falls more than 4% to $73.74 a barrel, indicating that traders are eliminating the risk premium built up during the Iran-Israel conflict. This reduction mechanically weighs on European defense stocks, whose order expectations had benefited from regional tensions. Thales, however, remains engaged in a sustained industrial dynamic over the long term, following the mid-June order to Eurosam (a joint venture with MBDA) for the development of a multi-layer version of the SAMP/T NG, and the presentation at Eurosatory of a new military vehicle co-developed with Renault. In the short term, the break of the support at €219.40 paves the way for testing lower levels.